Stifel Reports October 2025 Operating Data

Rhea-AI Summary

Stifel Financial (NYSE: SF) reported selected operating results as of October 31, 2025 with several record and year‑over‑year movements in key metrics.

• Total client assets reached $549,984 million, up 12% YoY.
• Fee‑based client assets were $222,818 million, up 18% YoY.
• Treasury deposits rose to $8,006 million, up 35% YoY.
• Client money market and insured product balances declined 8% YoY.

The company cautioned that the limited dataset may not consistently correlate to reported earnings.

Positive

• Total client assets +12% year-over-year to $549,984M
• Fee-based client assets +18% year-over-year to $222,818M
• Treasury deposits +35% year-over-year to $8,006M

Negative

• Client money market and insured products -8% year-over-year to $25,505M

ST. LOUIS, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for October 31, 2025, to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “Total client assets and fee-based client assets reached record highs, increasing 12% and 18% year-over-year, respectively, driven by market appreciation and strong net asset inflows. Treasury deposits grew 35% over the prior year, reflecting the effectiveness of our venture and fund banking deposit initiatives, essentially offsetting declines in client money market and insured product balances. Bank loans rose 1% since September, supported by higher residential, securities-based, and commercial lending.”

Selected Operating Data (Unaudited)
	As of							% Change
(millions)	10/31/2025		10/31/2024		9/30/2025			10/31/2024		9/30/2025
Total client assets	$549,984		$493,469		$544,010			12	%	1	%
Fee-based client assets	$222,818		$189,326		$219,178			18	%	2	%
Private Client Group fee-based client assets	$194,728		$165,530		$191,688			18	%	2	%
Bank loans, net (includes loans held for sale)	$21,796		$20,722		$21,635			5	%	1	%
Client money market and insured product(1)	$25,505		$27,613		$26,377			(8	)%	(3	)%
Treasury deposits(2)	$8,006		$5,953		$7,787			35	%	3	%

(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(2) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.

Company Information

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations

FAQ

What did Stifel (SF) report for total client assets on October 31, 2025?

Total client assets were $549,984 million, a 12% increase year-over-year.

How much did fee-based client assets for Stifel (SF) change YoY as of 10/31/2025?

Fee-based client assets were $222,818 million, up 18% year-over-year.

What was the change in Stifel (SF) treasury deposits on October 31, 2025?

Treasury deposits totaled $8,006 million, an increase of 35% YoY.

Did Stifel (SF) report any declines in client cash balances for October 2025?

Yes; client money market and insured product balances were $25,505 million, down 8% YoY.

How did Stifel (SF) bank loans change at 10/31/2025 compared to prior periods?

Bank loans, net were $21,796 million, up 5% YoY and 1% since 9/30/2025.

Does Stifel (SF) say October operating data directly predicts earnings?

No; the company cautioned that the limited nature of the data means a consistent correlation to earnings should not be assumed.